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The Latest Breaking News from Economy

Jobless rate to stay low despite looming economic woes

Workers are still in short supply and the labour market is unlikely to reveal signs of loosening as the effects of inflation work through the economy.

The New Daily

BoT to aid new government on economic policies

The Bank of Thailand (BoT) will work with the new government on coordinating fiscal and monetary policies to boost the economy after the Finance Ministry and central bank reduced economic stimulus measures amid signs of recovery.

Bangkok Post

Why Tunisia's president is cracking down on political opponents, singling out black Africans and undocumented migrants

Tunisia's revolution was the spark that ignited the Arab Spring. But 10 years on, its economy is failing and observers say an increasingly authoritarian government is using black Africans as scapegoats, inciting a wave of racially motivated violence and rhetoric.

ABC News

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Economic minister eager to see ChatGPT used for Diet replies

Economy, Trade and Industry Minister Yasutoshi Nishimura said on Tuesday ChatGPT could be used for the preparation of answers to Diet questions, if concerns are resolved. His remark will likely arouse controversy, given the number of issues surrounding this conversational AI model, such as the possibility of copyright infringement.

The Japan News/Yomiuri

EPA Report Shows Record-High Horsepower And Fuel Economy For New Vehicles

Real-world carbon dioxide emissions are also at record lows as the EPA eyes further reductions going forward.

Motor1

Federal Reserve staff projects "mild recession" after banking sector turmoil

Minutes from the Fed's last policy meeting offer more details on how officials weighed risks to the economy in the wake of the SVB collapse.

Axios

Bank turmoil led Fed officials to forecast fewer rate hikes

Turmoil in the banking system after two major banks collapsed led many Federal Reserve officials to envision fewer rate increases this year out of concern that banks will reduce their lending and weaken the economy

The Independent UK

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The Guardian view on the world economy: another bleak era beckons

Editorial: The 2010s were a wasted decade for economies and the environment. The 20s have all the makings of a second

The Guardian - UK

March CPI Report: What the Experts Are Saying About Inflation

A mixed CPI report means investors can expect another rate hike from the Federal Reserve in May.

Kiplinger

Grand National 2022 contributed over £60m to local economy

A new report has assessed how important last year's festival was to the Liverpool City Region economy

Liverpool Echo

Total War: Warhammer 3 Forge of the Chaos Dwarfs is the fantasy gun-running simulator I never knew I needed

First, you get the very tall hats.

PC Gamer

Why new grads shouldn’t fear a recession

Massive tech layoffs, bank failures and a potential U.S. recession could throw a wrench in the plans of 2023 graduates — in the same year federal student loan payments are expected to resume and accrue interest

The Independent UK

Transport upgrades could generate £52bn productivity boost for the economy, suggests TUC plan

TUC regional secretary Liz Blackshaw says investment in the North East and elsewhere in England would help meet net zero targets, create jobs and boost productivity

Birmingham Post

US consumer inflation slows to 5% in March year-over-year

NEW YORK: US consumer inflation slowed in March, according to US data Wednesday, lessening the pressure on the Federal Reserve to maintain its aggressive posture to cool the economy.

The Times of India

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The Independent UK

Inflation slows but stays high enough for Fed to hike again

U.S. consumer inflation eased in March, with less expensive gas and lower food prices providing some relief to households that have struggled under the weight of surging prices for nearly two years

The Conversation

Four reasons inflation will stay stubbornly high for some time

Price inflation is starting to fall in many countries but it still remains way above the typical 2% target of most major economies. In the UK, inflation has been above target since August 2021 and in double digits since August 2022.

The Independent UK

Kwasi Kwarteng ‘hasn’t ruled out’ return to cabinet despite crashing economy with mini-Budget

Former chancellor said it was a ‘great privilege’ to serve in government as he keeps the door open for a return

Asharq Al-Awsat

Saudi Arabia Tops G20 in Non-oil Private Sector PMI

Saudi Arabia topped the G20 countries in the performance of the purchasing managers’ index (PMI) for the non-oil private sector, in January 2023. The index recorded headline growth at 58.2 points, marking consecutive growth since September 2020 and reflecting the strength and durability of the Kingdom’s economy despite the state…

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The Independent UK

IMF slashes cash-strapped Pakistan's growth outlook to 0.5%

The International Monetary Fund has slashed the growth outlook for cash-strapped Pakistan, forecasting the South Asian country’s fragile economy will grow just 0.5% this year, down from 6% in 2022

The Guardian - AU

The IMF has painted a grim picture of the world economy. What does it mean for Australia?

Australian economists say the IMF outlook supports their case for a soft landing after the rapid rise in interest rates

The Independent UK

Asian shares moderately higher with focus on inflation data

Asian shares were mostly higher Wednesday, as investors watched for key inflation data likely to influence the Federal Reserve’s stance on interest rates

Asharq Al-Awsat

Tehran Seeks to Reopen Embassy in Riyadh before Hajj Season

Director of the GCC Affairs Department Alireza Enayati at the Iranian Ministry of Foreign Affairs, said that Iran was making efforts to reopen its embassy in Riyadh and its consulate in Jeddah before the Hajj season. For his part, Iranian Minister of Economy Ehsan Khandozi said that he intends to…

The New Daily

Watch: Economic warning, School violence, Liberal turmoil

Watch: The International Monetary Fund is warning the global economy faces feeble and uneven growth for the rest of the decade. Assaults in NSW schools

ABC News

IMF warns Australian housing market at high risk of mortgage defaults ahead of global economic downturn

The International Monetary Fund says Australia has one of the greatest risks of mortgage defaults in the world, as it warns of a significant downturn in global economic growth for the year ahead.

The New Daily

Australia ‘not immune’ from global economic malaise

Despite a downbeat economic forecast, Australia should weather the worst of a weak international outlook due to low unemployment and high commodity prices.

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